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    HHW Eco Xi-1-2

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    HHW Eco Xi-1-2

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    Hhw Eco Xi-1-2 (1)

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    5 views2 pages

    HHW Eco Xi-1-2

    Uploaded by

    mahimabhalla17

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    © All Rights Reserved
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    of 2

    Holiday’s Homework

    Class XI
    Subject: Economics
    Topic: Central Problems of an Economy, Consumer’s Equilibrium Utility analysis
    Instructions:
    • Question Number 1 to 10 carry 1 Marks each.
    • Question Number 11 to 15 carry 3 Marks each.
    • Question Number 16 to 20 carry 4 Marks each.
    • Question Number 21 to 25 carry 6 Marks each
    1. Statement 1: A point above PPC represents increase in resources
    Statement 2: Inflow of foreign capital will cause increase in production potential leading to economic
    growth
    a) Both Statements are true
    b) Both Statements are false
    c) Statement 1 is true and Statement 2 is false
    d) Statement 2 is true and Statement 1 is false
    2. In the given figure X1 Y1 and X2 Y2 are production possibility curves in two different time periods T1 and
    T2 respectively. A1 and A2 represents actual outputs in T1 and T2 periods respectively. P1 and P2 are
    potential outputs in T1 and T2 periods respectively.

    The change in actual output of Good X and Y over two periods would be represented by movement from
    ____________
    a) A2 to P2
    b) A1 to P2
    c) P1 to A2
    d) A1 to A2
    3. In the given figure X1 Y1 and X2 Y2 are production possibility curves in two different time periods T1 and
    T2 respectively. A1 and A2 represents actual outputs in T1 and T2 periods respectively. P1 and P2 are
    potential outputs in T1 and T2 periods respectively.

    The change in potential production over the two periods would be represented by a shift
    from____________
    a) P2 to A2
    b) A1 to A2
    c) A2 to A1
    d) P1 to P2
    4. Which of the following will not lead to shift in PPC?
    a) Upgradation of technology
    b) Exploration of new oil reserves
    c) Massive unemployment
    d) Destruction of resources
    5. Which one of the following is the study of Microeconomics?
    a) Price Level
    b) Money Supply
    c) Cotton Textile Industry
    d) Foreign Exchange Rate
    Which one of the following is the example of Positive Economics
    a) India should control steps to control population
    b) There are inequalities of Income in our Country
    c) India should not be over populated country
    d) Income inequalities should be reduced
    6. Assertion: Total Utility is a summation of Marginal Utility
    Reason: Total Utility is increasing at decreasing rate only.
    a) Both assertion and reason are correct and reason is correct explanation of assertion
    b) Both assertion and reason are correct and reason is not correct explanation of assertion
    c) Assertion is correct and reason is incorrect
    d) Assertion is incorrect and reason is correct
    7. Before the attainment of consumer’s Equilibrium in one commodity case consumer is at situation of
    a) Consumer’s Deficit
    b) Consumer’s Surplus
    c) Consumer’s Equilibrium
    d) None of thes
    8. Statement 1: Assumption of decreasing Marginal Utility is consumption of commodity on a continuous
    basis
    Statement 2: Consumer’s Income can change at a time of Consumer’s Equilibrium
    a) Statement 1 is true and Statement 2 is false
    b) Statement 1 is false and Statement 2 is true
    c) Both Statements are true
    d) Both Statements are false
    9. As per Marshallian approach, utility is measured in terms of
    a) Rupees
    b) Utils
    c) Ranks
    d) Dollars
    10. Which of the following statement is not true
    a) As long as MU is positive,TU increasee
    b) TU is zero when MU is zero
    c) TU starts decreasing when MU is negative
    d) After the point of satiety, MU becomes negative
    11. A consumer consumes only two goods X and Y and is in equilibrium. Show that when the price of the good
    X rises, the consumer buys less of good X. Explain using law of Equi-marginal utility.
    12. What do you mean by point of satiety? When will this point be achieved? Explain with the help of a
    diagram.
    13. Differentiate between Microeconomics and Macroeconomics
    14. What will be the impact of “Education for All” on the Production Possibilities Curve of the Indian Economy
    and why?

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